BSX and CISE sign cooperation agreement

The Bermuda Stock Exchange (BSX) and the Channel Islands Securities Exchange (CISE) have signed a Memorandum of Understanding (MoU) to explore opportunities to work together.

The CISE is best known for listing investment vehicles, including open and closed ended fund structures, and international debt securities.

BSX provides a fully electronic stock exchange platform to Bermuda’s domestic capital market. It is known for supporting the global reinsurance and capital markets through the listing of a variety of investment vehicles such as fund structures and insurance linked securities.

Fiona Le Poidevin, CEO of the CISE, said: “Our two exchanges differ in geographical location and market strengths, so there's plenty of scope for each exchange to diversify its product range and broaden its international appeal.”

The MoU means the two exchanges will start to look into ways of working together, including the cross-fertilisation of regulatory best practice, information exchange in relation to market developments, potential resource sharing and joint promotional activities.

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